As it gears up for its launch, the Texas Stock Exchange (TSXE) is actively building a team to capture market share in the U.S. exchange-traded funds (ETF) sector, which exceeds $11 trillion in assets. This strategy involves attracting top talent from major industry players such as Cboe Global Markets and Nasdaq.

The advent of a new trading platform on the stock exchange horizon could alter the standings among major players. TXSE Group Inc, the parent company of the proposed Texas Stock Exchange, has announced the completion of its initial fundraising round, securing an impressive $161 million. This news underscores the company's determination to establish a foothold in this competitive landscape.